4000 jobs are to go when Agere closes its optoelectronics division by the end of June next year. The company will consolidate remaining US manufacturing operations in Orlando, by September 2003 The company announced that it will exit its optoelectronics business - which represented about 10 percent of the company's total revenues in the June quarter of fiscal 2002 and is seeking a buyer for all or parts of the operation, but will discontinue optoelectronics operations no later than June 30, 2003 even if a buyer is not found.
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